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McMansion

With New Yorkers, and foreigners of means, increasingly smitten with the views afforded by the city's sprouting luxury residential towers, developers and brokers have found a novel way to sell lower-floor spaces - as 'mansions'.

As the Sandy clean-up gets underway, could this be an opportunity for the Eastern Seaboard to apply some of the rebuilding lessons learned along the Gulf Coast after Katrina? Ben Brown shares some pointers.